The following is Ford Motor Co (F) Technical analysis for March 8, 2011
Ford Motor Co (F) Resistance, pivot & Support Levels - 3/8/2011
Resistance levels: $12.46, $12.38, $12.31
Pivot point: $12.23
Support levels: $12.16, $12.08, $12.01
Share of Ford Motor is trading under 9 day moving average now which is short term bearish now. Stock closed at $12.24 on Wednesday.Ford (F) will have resistance at $12.94 and support level is $11.79.Ford will now hit the next big resistance level $12.30 which is closing basis. Ford continues is a strong buy below $10 but keep on tight stop at $9.05.
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